The Way to Trade
Discover Your Successful Trading Personality
1st Edition
Published on 21. January 2013
320 pages
978-0-85719-285-1 (ISBN)
Description
Most people lose in the markets for one simple reason - they trade emotionally. Good trading is not a question of doing, it is a question of being. How do you trade?
Trading is a life experience. It is not like any other business. The beauty of trading is that it becomes an expression of your own personality. The truth is, good traders don't do, they simply are. And to become a good trader you have to create a model built around an approach that suits you. The Way to Trade will help you do just that.
Find your own route to success.
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Book
05/2006
Harriman House Publishing
€66.80
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Person
John Piper has been involved with markets since his early twenties. In the late 1980s he started to trade options full time and did so right through the Crash of 1987 - an experience that stands him in good stead for the markets today. For over a decade he has been the editor of The Technical Trader, the leading newsletter in the UK for those who trade in futures and options markets worldwide.
Content
- Intro
- Contents
- Why You Need This Book
- Foreword by Dr Alexander Elder
- Introduction
- Acknowledgements
- Section 1: The Underlying Philosophy
- Chapter 1: An Introduction to the Trading Pyramid
- The Trading Pyramid
- Summary
- Chapter 2: The Evolution of a Trader and the 55 Steps
- The Three Stages
- The 55 Steps (A Personal Journey to Success)
- Summary
- Chapter 3: The Human Brain
- Structure of the Brain
- Trading Chaos
- Summary
- Chapter 4: You - The First Level of the Pyramid and Why
- The Trading Experience
- Summary
- Chapter 5: Commitment
- The Nature of the Market
- Market Profile
- Summary
- Chapter 6: Discipline
- Discipline and the Trading Pyramid
- System Parameters
- Summary
- Chapter 7: Money Management
- Using Money Management
- Position Size
- Monitoring Position
- Summary
- Chapter 8: Risk Control
- Risk Inherent in the Vehicle
- Risk Inherent in the Market
- Other Forms of Risk
- Summary
- Chapter 9: The Three Simple Rules (Or Trading Secrets)
- The Trading Secrets
- Following the Rules
- Chapter 10: System Parameters - The Thinking Behind System Design
- Buying Options
- Writing Options
- Futures
- Designing a System
- Summary
- Chapter 11: System Parameters - Simple Trading Rules and the Human Brain
- Systems
- The Human Brain
- Summary
- Chapter 12: Developing Your Methodology
- Time Frame
- Trading Type
- Analysis Type
- Money Management (MM)
- Risk Control (RC)
- Entry Methodology (EM)
- Exit Methodology (ExM)
- Interview With an Institutional Trader
- Summary
- Chapter 13: Operation
- The Set-Up
- Problems With Operation
- Summary
- Chapter 14: The Whole Structure = Profit/Loss
- Summary
- Chapter 15: Stops and Acceptance
- Are Stops Necessary?
- Stop Approaches
- Acceptance
- Chapter 16: A Trading Coach?
- The Benefits of Working With a Trading Coach
- Adrienne Toghraie
- First Steps
- Summary
- Section 2: Market Technologies and Methodologies
- Chapter 17: Some Points of Principle
- More General Points
- Low Risk Trading Opportunities
- Trading Tips
- Summary
- Chapter 18: Market Profile and Minus Development
- Market Profile
- Minus Development
- Value
- Other Concepts
- TTT Article
- Trading Tips With Market Profile
- Summary
- Chapter 19: Futures and Options
- Stocks
- Futures
- Options
- Summary
- Chapter 20: Spiky Action
- Trading Trend
- Types of Spike
- Summary
- Chapter 21: An Options Strategy
- The Options Strategy - Principle
- The Options Strategy - Operation
- Options - The Hedging Strategy
- Summary
- Chapter 22: A Number of Futures Strategies
- Gap Opens - Code Word: Goose
- Failed Break Throughs - Code Word: Goat
- Failed Re-tests - Code Word: Snake
- Square Congestion - Code Word: Box
- Key Levels - Code Word: Piano
- Elliott Fives - Code Word: Illusion
- Aborted Patterns - Code Word: Platypus
- Trend Following - Code Word: Horse
- Corrective Action
- Other Systemized Approaches
- Summary
- Chapter 23: Systems
- Stops
- One Secret to Success
- A Few Additional Comments
- My Own Trading
- My Trading Rules
- Risk Warning/Disclaimer
- It Doesn't End Here
- Summary
- Chapter 24: Trading Systems and When to Use Them
- Trading Systems
- How to Make a Fortune Trading Futures
- Summary
- Chapter 25: Market Myths
- Indicators and Market Techniques
- News
- Zero Sum? Don't You Believe It!
- Systems
- Summary
- Chapter 26: The 10-Step Approach to Futures and Options Trading
- Step 1: Where Am I Now?
- Step 2: Where Do I Want To Go?
- Step 3: Survival (1)
- Step 4: Survival (2)
- Step 5: Methodologies
- Step 6: Theory
- Step 7: Practice
- Step 8: Fear
- Step 9: Running Profits
- Step 10: Expertise
- The Consultancy Service
- Summary
- Section 3: A Chart Tutorial
- Chapter 27: Low Risk Trading Opportunities on U.S. and U.K. Markets
- Section 4: An Options Trading Campaign
- Chapter 28: A War of Attrition
- Epilogue
- Appendices
- Appendix 1: Follow-Up Services
- Appendix 2: The Troubled Trader
- Appendix 3: Recommended Reading
- Appendix 4: Trading and Psychology Questionnaire
- Appendix 5: Is Elliott Addictive?
- The Fortune Strategy
- Index
